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MetaQuotes stops developing MT4

Jay (lee42747)
Feb 17 2017 at 10:14
49 ieraksti
No Offline chart option in MT5 Chart properties common tab which is not very good but there is a new option to scale the chart with a slider - quite convenient. Also scaling can be done by points per bar as I can see.
vontogr (togr)
Feb 17 2017 at 10:15
4862 ieraksti
NEEnah posted:
mlawson71 posted:
The popularity of Metatrader 5 has grown even more in the past months, according to fintech company Metaquotes, as a number of large international brokers adopted the platform and started offering it to their clients. (https://smnweekly.com/2017/02/02/fintech-metaquotes-mt5-brokers-grow-in-number-include-bcs-forex-instaforex-liteforex/) It looks like the measures they took to shoehorn it on the market really had an effect.

That's true. I am checking on demo the MT5 just to be prepared for the future as I believe more and more brokers will start offering it. It seems to have cool features, like for instance to save a chart as a png file in an easy way without screenshots etc. Will continue digging deeper into it.

Mt4 chart - properties - save as picture :)
MQL BLUE (coders)
Feb 19 2017 at 17:20
31 ieraksti

If you need change code MT4 under the MT5, please contact us.
Forex Programming since 10 years
FIGHTForex (fightforex)
Feb 20 2017 at 08:28
11 ieraksti
I have written many MT4 EAs. Is there any free utility that can help port the code to new MT5 (MQL5??) syntax? At least if it can point out non-compatible code, it will be very helpful. Any ideas?
Trade with courage but without emotions
vontogr (togr)
Feb 20 2017 at 09:53
4862 ieraksti
fightforex posted:
I have written many MT4 EAs. Is there any free utility that can help port the code to new MT5 (MQL5??) syntax? At least if it can point out non-compatible code, it will be very helpful. Any ideas?

I would say there are such convertor - online based

but

A. you have to upload your system there
B. it is not 100% reliable
AlbertoCo
Feb 20 2017 at 15:50
17 ieraksti
besttools posted:
Yes, stops send new update and send only update that fix some problems... so 1-2 years and all change MT4 to MT5

I also think it will be step by step transition over the next couple of years. MT4 fans will discover MT5 and maybe move to it if they don't choose another platform.
vontogr (togr)
Feb 20 2017 at 15:57
4862 ieraksti
AlbertoCo posted:
besttools posted:
Yes, stops send new update and send only update that fix some problems... so 1-2 years and all change MT4 to MT5

I also think it will be step by step transition over the next couple of years. MT4 fans will discover MT5 and maybe move to it if they don't choose another platform.

Well one of the biggest advantages (apart from being free) of MT4 is that there is a huge database of existing programs fro almost everything. By using mt5 you would loose this advantage.
Michael
pgfritz
Feb 21 2017 at 07:44
8 ieraksti
mlawson71 posted:
The popularity of Metatrader 5 has grown even more in the past months, according to fintech company Metaquotes, as a number of large international brokers adopted the platform and started offering it to their clients. (https://smnweekly.com/2017/02/02/fintech-metaquotes-mt5-brokers-grow-in-number-include-bcs-forex-instaforex-liteforex/) It looks like the measures they took to shoehorn it on the market really had an effect.


Hi all! No doubt they will work in offering it from more corridors, that is, they released it to the market like improved version of MT4, probably later they can make some adaptations. There are still some defending MT4 because they are already accustomed to it.
I like the style of @NEEnah. To using it to prepare for the future. That's great!
manolojuan
Feb 21 2017 at 08:10
3 ieraksti
MT4 is fantastic for decentralized, open and highly unregulated foreign exchange market on a global scale. However, it does not check all the boxes as a platform for other markets. MT5 is more advanced, so the big investment is in mt5 to make it more accepted in the market.
Jay (lee42747)
Feb 21 2017 at 08:36
49 ieraksti
If I am not mistaken, MT4 was created initially for forex trading and then brokers started adding more types of instruments there. As far as I know, it also has limitation of maximum number of instruments which does not exist in MT5.
vontogr (togr)
Feb 21 2017 at 10:46
4862 ieraksti
manolojuan posted:
MT4 is fantastic for decentralized, open and highly unregulated foreign exchange market on a global scale. However, it does not check all the boxes as a platform for other markets. MT5 is more advanced, so the big investment is in mt5 to make it more accepted in the market.

Mt4 is actually not fantastic tool for trading. It has many problems not limited to forced update from metaquotes loosing the control over trades and much more issues like plugin for brokers messing up with traders.
Mt4 is cheap/free tool with very outdated design. But it is the most spread tool.
Fantastic tool is ctrader.
Genar
gels4
Feb 21 2017 at 15:38
10 ieraksti
togr posted:
manolojuan posted:
MT4 is fantastic for decentralized, open and highly unregulated foreign exchange market on a global scale. However, it does not check all the boxes as a platform for other markets. MT5 is more advanced, so the big investment is in mt5 to make it more accepted in the market.

Mt4 is actually not fantastic tool for trading. It has many problems not limited to forced update from metaquotes loosing the control over trades and much more issues like plugin for brokers messing up with traders.
Mt4 is cheap/free tool with very outdated design. But it is the most spread tool.
Fantastic tool is ctrader.

Wow ... I found reading in this thread that many commented that MT4 had features that MT5 did not own. So there are those who prefer MT4, although I give the reason @togr, is already a bit obsolete. And those who prefer MT5. However, thanks to your participation I will investigate a little more about ctrader. I have not had the opportunity to try this tool.
edinson
Feb 23 2017 at 09:27
10 ieraksti
besttools posted:

MT4 work properly, only not add new updates... 1-2 years and all change for MT5, but now is not necessary

What is not necessary MT5? Or the changes for MT4?
growthera
Feb 23 2017 at 09:37
86 ieraksti
I don't hear much talk about cTrader. I find the fact that it is C# programming particularly attractive. Does anybody have real experience programming and trading cTrader? Could you share some of your comments on that? Stable or buggy? Trade execution? Community of users/programmers using cTrader?
If at some point I have to go thru the trouble of reprogramming my MT4 EA's/tools, I might as well do it in a more 'standard' language like C# rather then going into mql5 again. I have never been a big fan of MQL5 anyway, I just program it because I feel I don't have much choice. Lack of choice is another thing which, on principle, I don't like. If other traders prove me wrong ( by showing there is plenty of choice) then I would love that.
Tiffany (TiffanyK)
Feb 23 2017 at 11:31
427 ieraksti
I tried cTrader few months ago. Personally I was skeptical to this platform because I was used to MetaTrader 4, but I can truly say that I was wrong. The cTrader platform has superb speed execution, it is easier to use and very easy on the eye. It is also applicable for a wide range of traders. Very good choice indeed.
Accept the loss as experience
growthera
Feb 23 2017 at 12:08
86 ieraksti


Thanks TiffanyK. Did you happen to do any programming backtesting etc.. ? if yes, any thoughts on that?
I'll certainly give it try....
IXBONE
Feb 23 2017 at 15:02
97 ieraksti
Maybe they stop in several years, but personal i think MT4 will further co-exist with MT5.
edinson
Feb 23 2017 at 15:10
10 ieraksti
@growthera Also cTrader also gives you a good depth in the market because it shows the full range of executable prices that come directly from liquidity providers. And the functionality of its graphics is good, can be adjusted even for the most demanding operations.
MQL BLUE (coders)
Feb 23 2017 at 15:56
31 ieraksti

If you need change code MT4 under the MT5, please contact us.
Forex Programming since 10 years
wortrader
Feb 23 2017 at 20:18
21 ieraksti
Ctrader never can be better, because charge commision for each trade what trader execute... So definitely you pay stupid commision for platform provider and no for broker. Logic broker charge more. So this platform offer only several brokers and MT is more popularized because cost is 0.

This situacion only make visible, like desperate is fx market. For stupid futures trading you can choice from 50 platforms + and for fx from 2 :D and most of this platform look much better and ctrader is from stone age.
i am user in bestforexrebates dot com
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